Affordable Housing Supply Programme: out-turn report - 2022 to 2023

Budget and programme

All of the tables can be accessed via the supporting accessible Excel document Annex.

Table 1 provides the breakdown of the 2022 to 2023 budget which included a mix of grant and Financial Transactions (FTs) for loans and equity.

Programme out-turn

The following Programme Out-turn tables are available –

Table 2 - AHSP expenditure by Local Authority Area and Central Programmes

Table 3 - AHSP Expenditure by category

Table 4 – AHSP Expenditure by Local Authority Area and Programme

Table 5 - AHSP Approvals by Local Authority Area and Programme

Table 6 - AHSP Site Starts by Local Authority Area and Programme

Table 7 - AHSP Completions by Local Authority Area and Programme

Charitable Bonds

The Scottish Government was the first major Scottish investor in Charitable Bonds. The Charitable Bond programme was first introduced in 2013 to 2014 as an innovative investment model for the affordable housing sector. It makes development finance available to Registered Social Landlords for affordable housing, whilst also generating capital funds in the form of Charitable Donations which then funds additional social rented homes.

Due to challenges with the pace of delivery, Charitable Donations were not required to supplement the core AHSP funding in 2022 to 2023 but were retained for future use.

Table 8 shows the Charitable Bonds invested and, Charitable Donations generated and issued.

Summary of completions and expenditure 

Table 9 shows progress towards the 110,000 affordable homes target.

Low-cost Initiative for First-Time Buyers (LIFT)

The Open Market Shared Equity (OMSE) scheme aims to help first time buyers and priority access groups on low to moderate incomes to purchase a home on the open market with an equity contribution of up to 40%.

Monitoring information is available on the characteristics of households purchasing through the OMSE scheme.

Table 10 shows LIFT breakdown by category.

Grant funding

Table 11 details the average total cost per home and the average grant per home for the 2022 to 2023 programme. These are the actual costs relating to the delivery of the projects within the AHSP programme, recorded at tender approval stage and tables 19 (a), 19 (b), 20 (a) and 20 (b) show grant recipients.

Tables 12 (a) and 12 (b) illustrates the average cost to deliver an affordable home over the past 5 years and also the average grant input by the Scottish Government, recorded at tender approval stage.